Bloomberg Auto giants are racing to invest in car- and ride-sharing services, lured by the prospect of fat profits yet to be tapped from a billion cars on the world’s roads. A typical car spends 95 percent of its life at a standstill, industry analysts say, making it a vastly under-utilised, depreciating asset. There may be big money waiting, …

  Bloomberg Britain’s biggest property firms including Barratt Developments Plc and Canary Wharf Group Plc are the latest to take a stand on U.K. membership in the European Union less than two weeks before a vote, saying a decision to leave would hinder development projects and raise the cost to build new homes. In an open letter released on Saturday, …

  Bloomberg U.K. house prices look set to dip for the first time since 2012 amid uncertainty before Britain’s vote on European Union membership and as a new tax on buy-to-let properties and second homes kicks in. Home prices in central London are already falling, according to May data from the Royal Institution of Chartered Surveyors. While they continue to …

  Tribune News service Almost two years after the Affordable Housing Scheme was launched in India’s Haryana, scores of developers have come up with a wide range of housing options in an ‘achievable’ price range of Rs17-24 lakh. About 36,000 apartments of 400-600 sq feet are up for sale in the district. Many of these projects have already commenced with …

  AP After shuttering his lumber mill for nearly a month when it was surrounded by raging fires in northern Alberta, Northland Forest Products Ltd. President Howard Ewashko sees a silver lining: a pickup in business from rebuilding what was lost. “It certainly helps to have a solid market to sell into when you’ve gone through something like this,” Ewashko …

  ABU DHABI / WAM Director of Foreign Trade and Export Support at the Abu Dhabi Department of Economic Development, Adeeb Al Afifi, said European countries accounted for 40.7 per cent of all foreign direct investment in the emirate of Abu Dhabi in 2014. He was speaking before representatives of the European Union, Abu Dhabi Quality and Conformity Council, the …

  Stockholm / WAM The Swedish parliament on Saturday agreed to abolish a tax on nuclear power as it recognizes nuclear’s role in helping it to eventually achieve a goal of 100% renewable generation. Agneta Rising, Director General, World Nuclear Association, said, “It is excellent news that this tax will be removed, but it should never have been implemented in …

DUBAI / WAM The UAE established a role in international efforts to combat humanitarian challenges, as well as having a strong presence in emergency and long-term humanitarian aid all around the world. In June 2014, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the UAE Water Aid …

  GENEVA / WAM Acting Undersecretary at the Ministry of Human Resources and Emiratisation, Humaid Rashid bin Demas, said decent work and protecting workers’ well-being constitute a pillar for sustainable development in the UAE. He was speaking at a ministerial meeting of the Asia and the Pacific group of countries, held by the International Labour Organisation as part of the …

  Abu Dhabi / WAM e-Dirham, the national e-payment system initiated by the UAE Ministry of Finance (MoF) in collaboration with National Bank of Abu Dhabi (NBAD), was conferred with the Special Merit Award for Government to Business and Customer (G2BC) Engagement at the Armani Hotel, Burj Khalifa, Dubai. The award was given by Terrapin Middle East, the organiser of the …